In India, there is shortage of land and the prices of land are quite high. Therefore, it’s important that you don’t rush into this purchase. What you need to do is check the details of the land thoroughly before making the ultimate decision. Given below are a few important things that you may want to consider before you buy land in Bangalore.
The Title Deed
The title deed is one of the most important documents that should be checked before purchasing land in India. Make sure the seller has this document in his custody as this is the proof of ownership. With this document, you can check the land ownership history.
The Sale Deed
It’s the sale deed that allows the seller the right to sell their property. The sale deed should be with the seller. You may want to create a draft sale deed on a stamp paper. Also, the sale deed should show your name and address as well as that of the seller. Besides, it should describe the details like land area, address, and location.
Make sure both the parties have decided on the payment amount. Also, if you have to pay a certain amount as advance, make sure this is mentioned on the sale deed.
The Encumbrance Certificate
The plot of land should have the encumbrance certificate. This is important because the land you want to purchase may have been mortgaged to another party like a bank. With the encumbrance certificate, you can verify that the land is free from all types of legal matters and mortgages.
The Land should be Converted
Karnataka land is considered agricultural land. And if a seller wants to use their land for construction, they must convert the land to non-agricultural land. Once the conversion is done, the value of your land will go up considerably, especially if it’s going to used for construction projects. The seller should contact a Deputy Commissioner for this purpose.
The Department of Town and Country Planning will provide an NOC for the land conversion. The Deputy Commissioner will confirm that the land is approved by the authority.
The Land must have an A Khata Certificate
The land should be “A Khata”, which means “account”. In simple terms, Khata can help you know further details of the land by contacting the Municipal registrar. If the land is okay, it means the owner pays their property tax. Also, a Khata land is classified under the Bruhat Bengaluru Mahanagara Palike jurisdiction.
On the other hand, there are B Khata lands. They are within the municipal limits or outside municipal limits and have no sanctions or valid licenses. Actually, there is no actual existence of B Khata. It’s just a record with the BBMP. And the record doesn’t talk about the ownership. Instead, it states that the owner pays the property tax. Just make sure that the land you want to buy has the A Khata certificate.